ESL Credit Card Information ^top

Interest Rates and Interest Charges
Annual Percentage Rate (APR) for Purchases 3.99% Introductory APR for six billing cycles following the account open date.

After that, between 9.98% to 17.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate*.
APR for Balance Transfers 3.99% Introductory APR for six billing cycles following the account open date.

After that, between 9.98% to 17.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate*.
APR for Cash Advances 3.99% Introductory APR for six billing cycles following the account open date.

After that, between 9.98% to 17.99% based on your creditworthiness. This APR will vary with the market based on the Prime Rate*.
Penalty APR and When it Applies 18.0%

This APR may be applied to your account if:

1.   Your minimum monthly payment is not made for two consecutive billing cycles.

How Long Will the Penalty APR Apply? If your APRs are increased for the reason above, the Penalty APR will be applied until the billing cycle after your past due status is corrected.
Paying Interest Your due date is at least 25 days after the close of each billing cycle. We will not charge you interest on purchases if you pay your entire balance by the due date each month.

We will begin charging interest on cash advances and balance transfers on the transaction date.
Minimum Interest Charge If you are charged interest, the charge will be no less than $.50.
For Credit Card Tips from the Federal Reserve Board To learn more about factors to consider when applying for or using a credit card, visit the website of the Federal Reserve Board at http://www.federalreserve.gov/creditcard.
Fees
Annual Fee None
Transaction Fees None
Penalty Fees
  • Late Payment
  • Returned Payment
Up to $25.00
Up to $25.00
Other Fees None

How We Will Calculate Your Balance: We use a method called "average daily balance (including new purchases)". See your account agreement for more details.

Loss of Introductory APR: We may end your Introductory APR and apply the Penalty APR if your minimum monthly payment is not made for two consecutive billing cycles.

The information about the cost and terms of the Card described is accurate as of . This information may have changed after that date. To find out what may have changed, call ESL at 585.336.1000 or 800.848.2265.

Your Visa® account will be governed by the terms of the ESL Federal Credit Union Cardmember Agreement that will be sent to you with your card(s). The terms of your account are subject to change as provided in your Cardmember Agreement.

* We add 6.73% up to 14.74% to the Prime Rate to determine the Purchase, Balance Transfer and Cash Advance Rates. As of 9/30/11, the Prime Rate was 3.25%.

[ESL Credit Card Agreement]

Date Posted: .